RISING COSTS A PRESSING FACTOR AFTER BUDGET 2011
The new budget did little to alleviate the worries about rising prices among Singaporeans.
The Government has received echoing remarks about rising prices in the past four days, including a forum it held on Tuesday.
Most welcomed the initiatives, which include cash pay-outs, tax rebates and top-ups, to ease the rising cost of living. However, the issue of inflation and rising costs continued to be a topic of concern for many.
Even with the cash pay-outs, many still worry about the rising cost in such services, as medical care and child care might not be enough — a prevalent concern for low-income earners.
During the 90-minute forum chaired by Second Minister for Finance Lim Hwee Hua, most of the 50 attendees asked about the Government’s plan to curb inflation, which saw a two-year high of 4.6 per cent last December.
Info courtesy - PropertyGuru.com.sg